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HomeCrude Oil News

Crude Oil News

UK
Big Oil Companies

UK to miss out on $487 billion generated from offshore oil and gas market without stable energy policy

March 27, 2024 Mariel Alumit

(WO) – Without stable energy policy and a globally competitive tax regime, the UK will miss out on the lion’s share of the benefits from a domestic offshore energy market that could grow to £450 […]

orphan oil and gas wells
Crude Oil News

List of orphan oil and gas wells swells to more than 1,000 in Colorado as small operators abandon the state

March 27, 2024 Mariel Alumit

The number of orphan wells in Colorado has topped 1,000 — a four-fold increase in four years — as the state takes over 358 wells from two defunct oil and gas companies this spring. The […]

Russia’s Shadow Fleet
Crude Oil News

Russia’s Shadow Fleet Is Putting Danish Waters in Danger

March 27, 2024 Mariel Alumit

The maritime order is falling apart under geopolitical pressure. It was only a matter of time before Russia’s fast-growing shadow fleet, a group of vessels whose owners do their utmost to conceal their identity while […]

AI

Nuke-Powered Data Centers Coming to a City Near You

March 27, 2024 Andy Del Prado

Daily Standup Top Stories Mass casualties feared as boxship takes out bridge in Baltimore – other coal and exports blocked March 26, 2024 Stu Turley Many are feared dead in Baltimore following a dramatic bridge collapse […]

Oil
Crude Oil News

Oil settles lower as markets weigh Russian supply woes

March 26, 2024 Mariel Alumit

March 26 (Reuters) – Oil prices settled lower on Tuesday as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian attacks. Front-month Brent crude futures due to expire […]

California
Crude Oil News

California Bill Seeks Closure of Depleting Wells Near Communities

March 26, 2024 Mariel Alumit

Legislation has been proposed before the California assembly to penalize oil and gas drillers for low-producing wells near communities until they plug and abandon these wells. AB2716, introduced February by lawmaker Isaac Bryan and amended […]

Oil
Crude Oil News

Oil settles higher as Russia orders output cuts, geopolitical tensions persist

March 25, 2024 Mariel Alumit

HOUSTON, March 25 (Reuters) – Oil prices settled higher on Monday as orders from the Russian government to curb oil output, and attacks on energy infrastructure in both Russia and Ukraine offset the United Nation’s […]

Oil Demand
Climate Crisis

Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude

March 25, 2024 Mariel Alumit

The world is using more oil than ever and demand is outpacing expectations again this year, raising questions about how soon global consumption will peak. The unabated thirst for crude contributed to an increasingly confident […]

Russia
Crude Oil News

World’s Top Oilfield Services Provider Not Leaving Russia

March 25, 2024 Mariel Alumit

SLB, the biggest oilfield services firm in the world, is not planning to abandon its business in Russia, chief executive Olivier Le Peuch told the Financial Times in an interview published on Monday. Pressure has mounted on […]

Oil and Gas
Crude Oil News

USA Oil and Gas Job Figures Jump

March 25, 2024 Mariel Alumit

The U.S. oil and gas industry directly employed 2.04 million workers in 2023. That’s according to the Texas Independent Producers and Royalty Owners Association’s (TIPRO) latest state of energy report, which highlighted that this figure […]

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